Nomura Holdings Inc. Has $11.85 Million Position in CocaCola Company (The) $KO

Key Points

• Nomura Holdings Inc. reduced its stake in Coca-Cola by 33.7%, selling 84,076 shares to own 165,481 shares worth approximately $11.85 million as of the end of the first quarter.
• Institutional ownership of Coca-Cola stands at 70.26%, with several firms increasing their holdings during the same period, including Mizuho Securities Co. Ltd. with a 360% increase.
• Coca-Cola recently announced a quarterly dividend of $0.51 per share, with a yield of 3.0%, and a payout ratio of 72.34%.

Nomura Holdings Inc. lowered its holdings in CocaCola Company (The) (NYSE:KO - Free Report) by 33.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 165,481 shares of the company's stock after selling 84,076 shares during the quarter. Nomura Holdings Inc.'s holdings in CocaCola were worth $11,852,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KO. Nuveen LLC acquired a new position in shares of CocaCola during the first quarter valued at $1,508,657,000. Wellington Management Group LLP lifted its stake in shares of CocaCola by 52.7% during the first quarter. Wellington Management Group LLP now owns 47,447,430 shares of the company's stock valued at $3,398,185,000 after acquiring an additional 16,383,870 shares during the period. Boston Partners acquired a new position in shares of CocaCola during the first quarter valued at $642,183,000. GAMMA Investing LLC lifted its stake in shares of CocaCola by 8,419.4% during the first quarter. GAMMA Investing LLC now owns 5,961,004 shares of the company's stock valued at $426,927,000 after acquiring an additional 5,891,034 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of CocaCola by 47.4% during the first quarter. Raymond James Financial Inc. now owns 11,844,673 shares of the company's stock valued at $848,315,000 after acquiring an additional 3,810,752 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. This represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

KO has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group cut their price target on CocaCola from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. BNP Paribas reaffirmed an "outperform" rating and set a $83.00 price target on shares of CocaCola in a research note on Monday, July 21st. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $77.21.

CocaCola Trading Down 1.1%

NYSE KO traded down $0.73 on Thursday, reaching $68.26. The company had a trading volume of 16,557,030 shares, compared to its average volume of 16,880,996. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The stock's 50 day moving average is $69.73 and its 200-day moving average is $70.49. The stock has a market cap of $293.78 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 3.59 and a beta of 0.43. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. CocaCola's dividend payout ratio is 72.34%.

About CocaCola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.